Eiffage SA Correlations
| EFGSF Stock | USD 140.14 0.00 0.00% |
The current 90-days correlation between Eiffage SA and Taisei is -0.02 (i.e., Good diversification). The correlation of Eiffage SA is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Eiffage SA Correlation With Market
Very poor diversification
The correlation between Eiffage SA and DJI is 0.8 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eiffage SA and DJI in the same portfolio, assuming nothing else is changed.
Eiffage |
The ability to find closely correlated positions to Eiffage SA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eiffage SA when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Eiffage SA - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Eiffage SA to buy it.
Moving together with Eiffage OTC Stock
| 0.61 | FIX | Comfort Systems USA | PairCorr |
| 0.65 | EME | EMCOR Group | PairCorr |
| 0.7 | MTZ | MasTec Inc Earnings Call This Week | PairCorr |
| 0.72 | APG | Api Group Corp Earnings Call Next Week | PairCorr |
| 0.61 | NNBR | NN Inc | PairCorr |
| 0.64 | LYTS | LSI Industries | PairCorr |
| 0.61 | 68389XAE5 | ORACLE P 65 | PairCorr |
| 0.71 | CRESY | Cresud SACIF y | PairCorr |
| 0.7 | ITOCY | Itochu Corp ADR | PairCorr |
| 0.84 | CMG | Chipotle Mexican Grill | PairCorr |
| 0.62 | GROY | Gold Royalty Corp | PairCorr |
| 0.72 | USAS | Americas Silver Corp | PairCorr |
| 0.73 | RILYP | B Riley Financial | PairCorr |
| 0.62 | PYTCY | Playtech PLC ADR | PairCorr |
| 0.84 | BCEPF | BCE Inc | PairCorr |
Moving against Eiffage OTC Stock
| 0.75 | PBCRY | Bank Central Asia | PairCorr |
| 0.59 | PTAIF | PT Astra International | PairCorr |
| 0.39 | 68233JBD5 | US68233JBD54 | PairCorr |
| 0.66 | ASHI | Vapor Hub International | PairCorr |
| 0.43 | 110122CP1 | BRISTOL MYERS SQUIBB | PairCorr |
Related Correlations Analysis
| 0.41 | 0.78 | 0.72 | -0.52 | 0.39 | TISCY | ||
| 0.41 | 0.76 | 0.78 | -0.78 | 0.14 | SNCAF | ||
| 0.78 | 0.76 | 0.83 | -0.74 | 0.24 | OBYCF | ||
| 0.72 | 0.78 | 0.83 | -0.7 | 0.3 | STBBF | ||
| -0.52 | -0.78 | -0.74 | -0.7 | -0.44 | MLLUY | ||
| 0.39 | 0.14 | 0.24 | 0.3 | -0.44 | ZLIOF | ||
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Eiffage OTC Stock performing well and Eiffage SA OTC Stock doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Eiffage SA's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TISCY | 1.95 | 0.72 | 0.00 | 4.34 | 0.00 | 6.57 | 43.89 | |||
| SNCAF | 1.84 | 0.07 | 0.02 | 0.15 | 2.53 | 4.36 | 18.63 | |||
| OBYCF | 1.94 | 0.64 | 0.22 | 0.95 | 1.48 | 5.10 | 14.87 | |||
| STBBF | 1.13 | 0.60 | 0.00 | (3.40) | 0.00 | 0.80 | 20.01 | |||
| MLLUY | 0.67 | (0.31) | 0.00 | 1.40 | 0.00 | 0.00 | 19.85 | |||
| ZLIOF | 3.52 | 0.94 | 0.00 | (0.40) | 0.00 | 6.67 | 66.00 |
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